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More news about Jubilant Ingrevia
25Apr 25
Jubilant Ingrevia Advances in Renewable Energy Venture, Acquires Partial Stake in O2 Renewable Energy XVIII
Jubilant Ingrevia has acquired a partial stake in O2 Renewable Energy XVIII Private Limited, comprising 3,602,875 equity shares and 61,346 Compulsorily Convertible Debentures. This acquisition, part of a planned 28% stake, aims to access 6.41 MW of renewable power for its manufacturing facilities in Uttar Pradesh and Gujarat. The remaining stake acquisition is expected to be completed by June 2025. This move aligns with the company's sustainability goals and green energy requirements.